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Mallya arrest warrant withdrawn

Force India boss Vijay Mallya free to return to India after arrest warrant is withdrawn

The arrest warrant issued against Vijay Mallya, the boss of the Sahara Force India F1 team, has been dropped.

A warrant was issued last week over a series of cheques that were handed to the operator of Hyderabad International Airport, which then bounced, by Mallya's airline Kingfisher.

The cheques, totalling more than £1.2 million, were to settle user fees at the airport. Payment though, has now been made, although whether or not that includes full payment or part payment has now been divulged.

"The case [against Kingfisher and Mallya] has been withdrawn. The matter has been settled by our client [GMR with Kingfisher]... They asked us to withdraw the case, after which we informed the court about withdrawal of the case which has been agreed upon," J B Chenna Keshava Rao, one of the lawyers of GMR, said on Wednesday, according to dnaindia.com.

Kingfisher is currently seeking a buyer with all its planes grounded and staff having gone unpaid for six months.




Related Pictures

Click on relevant pic to enlarge
09.09.2012- Vijay Mallya (IND), Chairman and Managine Director Force India
29.07.2012- Race, Vijay Mallya (IND), Chairman and Managine Director Force India
07.07.2012- Qualifying, Vijay Mallya (IND), Chairman and Managine Director Force India

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LJ - Unregistered

October 19, 2012 2:05 PM

Vijay has a habit of running his business' this way. Even Force India have been accused a few times of not paying it's bills. It's a poor way to run things. But it seems many companies do this and get away with it.



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